Average cost under the P-lambda,tau(M) policy in a finite dam with compound Poisson inputs
- Authors
- Bae, J; Kim, S; Lee, EY
- Issue Date
- Jun-2003
- Publisher
- CAMBRIDGE UNIV PRESS
- Keywords
- P lambda(M),tau policy; finite dam; compound Poisson input; long-run average cost
- Citation
- JOURNAL OF APPLIED PROBABILITY, v.40, no.2, pp.519 - 526
- Journal Title
- JOURNAL OF APPLIED PROBABILITY
- Volume
- 40
- Number
- 2
- Start Page
- 519
- End Page
- 526
- URI
- https://scholarworks.sookmyung.ac.kr/handle/2020.sw.sookmyung/16185
- DOI
- 10.1239/jap/1053003561
- ISSN
- 0021-9002
- Abstract
- We consider the P-lambda,tau(M) policy in a finite dam in which the input of water is formed by a compound Poisson process and the rate of water release is changed instantaneously from a to M and from M to a (M > a) at the moments when the level of water exceeds lambda and downcrosses tau (lambda > tau) respectively. After assigning costs to the changes of release rate, a reward to each unit of output, and a cost related to the level of water in the reservoir, we determine the long-run average cost per unit time.
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Collections - 이과대학 > 통계학과 > 1. Journal Articles

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